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Indian Economy GK Quiz 2-General Knowledge Questions and Answers-41952
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1. The census in India is done after a gap of every
Ans : 10 yrs.
2. Insurance service perovided by various banks is commonly known as
Ans : Bancassurance
3. National Sample Survey Organisation (NSSO) was established in?
Ans : 1950
4. What is the full form of FCCBs?
Ans : Foreign Currency Convertible bonds
5. Which state stands first in the length of roads in the country?
Ans : Maharashtra
6. When was Focus Market Scheme introduced?
Ans : 2006-07
7. What is the full form of 'NBFC' as used in the financial sector?
Ans : New Banking and Finance Corporation
8. The central banking functions in India are performed by the?
Ans : Reserve Bank of India
9. Which among the following body promoted securities Trading Corporation of India Limited
(STCI) jointly with the Public sector Banks?
Ans : Reserve bank Of India
10. Gilt-edged market means
Ans : market of government securities
11. In the last one decade, which one among the following sectors has attracted the highest
foreign direct investment inflows into India?
Ans : Telecommunication
12. Devaluation of a currency means
Ans : Reduction in the value of a currency vis-a-vis major internationally traded currencies
13. The chairman of the 14th Finance Commission is
Ans : Y.V. Reddy
14. When there is an inflationary trend in the economy what would be trend in the pricing of the
Bank products?
Ans : Increasing trend
15. Decimal coinage was introduced in India in the year
Ans : 1957
16. Recently, government approved levying of Rs 650 crore penalty, on which of the following
telecommunication company for violating roaming norms?
Ans : Bharati Airtel
17. The Tenth Plan period was from
Ans : 20022007
18. National Rural Development Institute is situated at
Ans : Hyderabad
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8/12/2014 Indian Economy GK Quiz 2-General Knowledge Questions and Answers-41952
19. In commidity exchange in India, Index Futures are not permitted, as some of the provision of
the FCRA do not allow the same. What is the full form of FCRA?
Ans : Foreign Contribution Regulation Act.
20. Who introduced cooperative society in India?
Ans : Lord Curzon

21. Which Indian got Nobel Prize for Economics?

Ans : Amarthiya Sen

22. The Headquarter of RBI is in

Ans : Mumbai

23. National Income estimates in India is prepared by

C.S.O.(Central Statistics Office)

24. Dalal street is situated at

Ans : Mumbai

25. What is the full form of the term 'NPA' as used in banking environment?
Ans : Non-performing assets

26. On July 12, 1982, the ARDC was merged into

Ans : NABARD

27. The first wholly Indian Bank was set up in

Ans : 1894

28. Which of the following is the first Indian private company to sign an accord with Government
of Myanmar for oil exploration in two offshore blocks in that country?
Ans : Essar Oil

29. Which among the following correctly defines the Net Interest Income (NII) for banks?
Ans : Difference between interest earned and interest paid

30. The former name of State Bank of India was

Ans : Imperial Bank of India

31. The value of Gold is determined in

Ans : London

32. Deficit financing means that the government borrows money from the
Ans :RBI

33. The Board of Industrial and Financial Reconstruction (BIFR) came into existence in
Ans : 1987

34. The currency notes are printed in

Ans : Nasik

35. The banks are required to maintain a certain ratio between their cash in the hand and totals
assets. This is called
Statutory Liquid Ratio (SLR)

36. Reserve Bank of India was nationalized in the year

Ans : 1949

37. How many banks were nationalized in 1969?

Ans : 14

38. In India, the first bank of limited liability manages by Indians and founded in 1881 was
Ans : Oudh Commercial Bank

39. Subsidies mean

Ans : payment made by the government to business enterprises, without buying any goods and
services

40. In India, which one among the following formulates the fiscal policy?
Ans : Ministry of Finance

41. Paper currency first started in India in

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8/12/2014 Indian Economy GK Quiz 2-General Knowledge Questions and Answers-41952
Ans : 1542

42. The ARDC is now a branch of the

Ans : NABARD

43. Since 1983, the RBI's responsibility with respect to regional rural banks was transferred to
Ans : NABARD

44. MRTP Act was implemented in

Ans : 1970

45. Regional Rural Banks were established in

Ans : 1975

46. Consumer Protection Act (CORPA) was implemented in

Ans : 1987

49. Foreign currency which has a tendency of quick migration is called

Ans : Hot currency

50. Which institution is known as Soft loan window of World Bank?

Ans : IFC

51. The New Symbol of Indian Rupee is a blend of

Ans : Devanagiri Ra and Roman

52. Which is the most important source of income for Government of India?
Ans : Excise duty

53. In India, barter exchange is still in practice in

Ans : Calcutta

54. The planning Commission was reconstituted in

Ans : March 1950

55. The state which has the highest sugarcane production in India is
Uttar Pradesh

56. The currency Deutsche Mark belongs to

Germany

57. In which of the following the first Mutual funds in India were
Ans : 1964

58. Which of the following organization publishes the "World Investment Report" annually?
UNCTAD

59. Who declares the Credit Policy of India?

Ans : Reserve Bank of India

60. Bajaj Auto announced its tie-up with which bank to offer inventory finance to its dealers?
Ans : State Bank ofIndia

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